The government could save up to RM17 billion if the T20 group is not given subsidies for oil and petrol commodities, said Deputy Finance Minister Ahmad Maslan.
Speaking at the Dewan Rakyat today, Ahmad said the rich benefitted RM17.8 billion (35 percent) of the overall RM50.8 billion in subsidies for petrol, diesel and liquefied petroleum gas (LPG) in 2022.
Meanwhile, 24 percent of the subsidies allocated by the government were benefited by the B40 group while the remaining 41 percent were enjoyed by the M40.
Ahmad said the hefty amount that could be saved from subsidising the T20 group can be used to help the poor and other matters among the 26 ministries.
